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mortgage rates are backed down to four month lows theres nothing thats come out this week no data thats been reported to really move rates we are just kind of trading in a Range waiting for CPI data tomorrow morning that is what all eyes are on Everybody is watching out for CPI data to see what way this Market is going to move not only for bond prices and mortgage-backed security prices but for the stock market in general everyone is waiting for the CPI data to come out will it be lower or higher than expected thats the million dollar question so stay tuned for that in the meantime mortgage rates average 30-year fixed rate is at 6.15 percent just one basis point above where we started the week so well see what happens tomorrow to mortgage rates after that CPI data so stay tuned